The proprietor of Crane Bank Limited, Dr. Sudhir Ruperalia on Wednesday night called Red Pepper and revealed his bank is safe and sound following rumours that it was robbed of $19million (Approx. Shs 50 billion).
Kampala’s newswires and a number of social media sites were awash with reports that it’s long serving Managing Director Mr. A.R Kalani was on the run after stealing the money and was hiding in the United Kingdom. The stories also claimed Mr. Karlani had conspired with Deputy Managing Director Mr. Ajay Kumar and the Head of Credit, Mr. Regu to rob their boss.
He added that the bank was safe and sound saying any of his competitors might be interested in his bank.
Crane Bank boasts of 41 branches across the country and recently went international by opening a branch in Kigali, Rwanda.
It is part of the multibillion Ruperalia Group of Companies whose business interest span Hospitality, Insurance, Education, Media, Horticulture, Real Estate and Recreation.
Sudhir was recently named by Forbes Africa Magazine as the 18th richest man in Africa.
Below is the press release from Crane Bank
Our attention has been drawn to rumours surrounding the absence of its Managing Director Mr.A. R. Kalan from office. The rumours with a variety of flavours ranging from loss of USD 18 million, others Shs. 60 billion etc are baseless and unfounded. They should be ignored.
Mr. Kalan is on leave with the approval of the Board of Directors.
On granting an extended leave the Board appointed one of its Executive Directors Mr. R. K. Gupta, a seasoned Banker, as the acting Managing Director.
The Board is pleased to announce that in compliance with the requisite regulations governing Financial Institutions, Mr. R.K. Gupta is the Acting Managing Director until further notice.
We appreciate the ever growing support of the Bank`s clientele all over the country as the spread of the branch network continues.
J. N. Biribonwa
Chairman , Board of Directors